Steel prices will fluctuate and run strong in the long run

In the week of April 7-11, the domestic steel price index fell month-on-month. The long product price index and plate price index both fell, and the decline was the same.
In the week, the China Steel Price Index (CSPI) was 92.72 points, down 1.81 points from the previous week, a decrease of 1.92%; down 2.14 points from the end of last month, a decrease of 2.26%; down 4.75 points from the end of last year, a decrease of 4.87%; down 12.38 points from the same period last year, a decrease of 11.78%. Among them, the long product price index was 94.05 points, down 1.83 points from the previous week, a decrease of 1.91%; down 2.27 points from the end of last month, a decrease of 2.36%; down 6.17 points from the end of last year, a decrease of 6.16%; down 12.44 points from the same period last year, a decrease of 11.68%. The plate price index was 91.34 points, down 1.78 points from the previous week, a decrease of 1.91%; down 2.07 points from the end of last month, a decrease of 2.22%; down 4.21 points from the end of last year, a decrease of 4.41%; down 12.63 points from the same period last year, a decrease of 12.15%.
Regionally, the steel price index of the six major regions of the country has declined week-on-week, with the largest decline in the Northeast and the smallest decline in North China. Specifically, the steel price index in North China was 92.01 points, down 1.51 points from the previous week, a decrease of 1.62%; down 12.25 points from the same period last year, a decrease of 11.75%. The steel price index in Northeast China was 91.69 points, down 2.16 points from the previous week, a decrease of 2.30%; down 12.47 points from the same period last year, a decrease of 11.97%. The steel price index in East China was 93.48 points, down 1.59 points from the previous week, a decrease of 1.68%; down 12.21 points from the previous year, a decrease of 11.55%. The steel price index in Central and South China was 95.20 points, down 1.89 points from the previous week, a decrease of 1.95%; down 11.86 points from the previous year, a decrease of 11.08%. The steel price index in Southwest China was 91.86 points, down 2.10 points from the previous week, a decrease of 2.24%; down 12.99 points from the previous year, a decrease of 12.39%. The steel price index in Northwest China was 93.19 points, down 2.10 points from the previous week, a decrease of 2.20%; down 13.15 points from the previous year, a decrease of 12.37%.
By variety, compared with the end of last month, the prices of the eight varieties all declined, among which the largest decline was for rebar and the smallest decline was for galvanized sheet. Specifically, the price of 6mm diameter high wire is 3340 yuan/ton, down 83 yuan/ton from the end of last month, a decrease of 2.42%; the price of 16mm diameter rebar is 3151 yuan/ton, down 85 yuan/ton from the end of last month, a decrease of 2.63%; the price of 5# angle steel is 3350 yuan/ton, down 70 yuan/ton from the end of last month, a decrease of 2.05%; the price of 20mm medium and thick plate is 3375 yuan/ton, down 82 yuan/ton from the end of last month, a decrease of 2.37%; The price of 1mm hot-rolled coil was 3378 yuan/ton, down 87 yuan/ton from the end of last month, a decrease of 2.51%; the price of 1mm cold-rolled sheet was 4085 yuan/ton, down 70 yuan/ton from the end of last month, a decrease of 1.68%; the price of 1mm galvanized sheet was 4245 yuan/ton, down 71 yuan/ton from the end of last month, a decrease of 1.65%; the price of 219mm×10mm diameter hot-rolled seamless pipe was 4248 yuan/ton, down 88 yuan/ton from the end of last month, a decrease of 2.03%.